Whether youve recently pulled your funds from the stock market or sold cryptocurrency, theres a great investment opportunity you dont want to miss.
If you turn on the news today, youre going to hear how the markets are down, and how one of the major investing banking firms said their earnings are going to be flat this year because of the virus thats affecting so many people.
However, I always look at things as a glass half full, not half empty. Ive been through many recessions in my 50 years of business. Believe me, ups and downs are going to come. But what Ive learned over the years, youve got to be prepared for them. Its called planning.
If you have deferred capital gains, right now you can put that capital in a Qualified Opportunity Fund and you can defer up to 10% of your gains until the tax return season of April 2027. And its a big deal!
My eyes opened wide when the Tax Cuts and Jobs Act (TCJA) was signed on December 22, 2017. Suddenly, here was a brand-new path that fit directly into my purpose. Through Qualified Opportunity Zones (QOZs) and Qualified Opportunity Funds (QOFs), we have a chance to work together to: benefit from the capital gains tax breaks; make money; and positively impact low-income urban and rural communities and the lives of millions of people. This is a win-win-win for everyone concerned.
I wrote a book, Opportunity Investing, which is coming out on March 31, 2020.
JIM WHITE, PHD
The purpose of the book is to educate and provide a roadmap to Qualified Opportunity Zones and Qualified Opportunity Funds. I give examples of distressed communities and how you can invest in those communities, which will improve the lives of millions of people.
Here is an opportunity for all of the investors who are pulling back from the market and have capital gains: Go find a Qualified Opportunity Fund and invest those gains in the community. This is not charity were talking about. Were talking about investing in real projects. For example, were redeveloping our campus in Salinas, CA, which is going to be a $150,000,000 investment. And thats right in an Opportunity Zone. There are real projects out there in 8,800 Opportunity Zones.
If you invest in a QOF, you can defer your tax payment until 2027. You have to hold that investment in the QOF for 5 years to qualify for that reduction of 10%. If you keep your investment in the fund for 10 years, all of the appreciation that you receive from that investment is tax-free. Thus, if you have any gain from selling stock, real estate or any other assets, you have an opportunity to reduce your tax base by 10% if you put it into a Qualified Opportunity Fund.
My eyes opened wide when the Tax Cuts and Jobs Act (TCJA) was signed on December 22, 2017.
JIM WHITE, PHD
I believe that very little attention has been given to the benefits of investing in Qualified Opportunity Zones. My mission is to teach people about QOZs and QOFs. Watch my webinar to learn more about the benefits of investing in Qualified Opportunity Funds and the positive impact this would have on distressed communities and the lives of millions of people.